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Spencer Ventures has closed a $4.5 million fund to invest in NFTS

Spencer Ventures, an NFT crypto fund, has raised $4.5 million from more than 30 investors in Chicago and the Midwest, Blockworks reported on September 27. Institutions looking to increase their exposure to digital assets are turning to NFTS, according to Spencer Gordon-Sand, founder and fund manager at Spencer Ventures, which looks at highly liquid collectibles and has deployed only 20% of total capital so far.
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Last week, there were a total of 18 financing deals with a combined amount of approximately 92.012 million US dollars, and the average financing amount was 511.18 thousand US dollars.
There were 24 financings in total last week, a decrease from last week, with a total amount of about US$260 million and an average financing amount of US$37.1 million.
Blue-chip projects are advancing steadily, and traditional brands are accelerating their entry into Web3
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